Motley Fool7 Jan 2016 15:52
Like NEXT, I believe that bolts-and-fasteners manufacturer Trifast (LSE: TRI) will also continue to enjoy solid bottom-line expansion in the coming years – the Uckfield business has already seen earnings grow at an annualised rate of 31.6% during the past four years alone.
Trifast’s output can be found in a broad array of products, from car interiors and cookers through to a wide variety of electronic goods. And the company is steadily ramping up its footprint across the globe to boost manufacturing capacity, not to mention service its close relationships with multinationals and SMEs alike.
Trifast is expected to see growth slow to just 3% in the year to March 2016, and a 6% rise is forecast for the following 12-month period. Still, these projections create ultra-low P/E ratings of 12.8 times and 12.1 times, respectively, a great price in my opinion given the company’s steadily-improving position in a key market.